This monograph chronicles how the conventional wisdom changed and outlines the implications of a new understanding of tax policy.

This monograph chronicles how the conventional wisdom changed and outlines the implications of a new understanding of tax policy.

The establishment of new accounting rules for expensing options would likely do more harm than good.

This study's estimates of the reduction in accidents from a ban on cell phone use while driving are both lower and less certain than previous studies indicate.

Requiring companies to expense options in the absence of any satisfactory method to evaluate their costs would be inconsistent with the principles and objectives of accounting.